Professional Diversity Network reports Q1 EPS (7c) vs (11c) last year

Reports Q1 revenue $1.727M vs $1.955M last year. “Our first quarter showed a mixed bag within our revenue streams. Demand for direct enterprise sales was light at the beginning of the quarter, however we recorded the best quarterly renewal percentage in the Company’s history. We continue to focus on strategic targeting of industries and business that we feel are in need of our services. RemoteMore was behind budget for the quarter as demand was slow in the period, but is in conversation with numerous potential clients. We are catiously optimistic that we can deliver on some of these discussions,” said Adam He, CEO of Professional Diversity Network. “Our NAPW network was bordering being cash flow positive for the first time, with non-cash items such as amortization pushing them into a slight loss position for the quarter, far less than any other recent quarterly period.”